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Sydney, Australia--(Newsfile Corp. - August 11, 2022) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the "Company") announces that early this morning, a group of armed robbers assaulted the Guanaco-Amancaya mine complex and stole gold precipitate material equivalent to approximately 500 ounces of gold from the Company's Guanaco refinery, in Taltal, in the Antofagasta region in Chile.
The Company advised that no one was seriously injured in the incident which is being investigated by Chilean authorities. In addition, although the Company believes it has strong security, the Company will undergo a thorough review to determine how it can further strengthen security at its Guanaco-Amancaya mine complex.
About Austral Gold
Austral Gold Limited is a growing gold and silver mining, development, and exploration company whose strategy is to expand the life of its cash generating assets in Chile, restart its Casposo mine in Argentina and build a portfolio of quality assets in Chile, the USA and Argentina organically through a Tier 1 or 2 exploration strategy and via acquisitions and strategic partnerships. Austral owns a 100% interest in the Guanaco/Amancaya mine in Chile and the Casposo Mine (currently on care and maintenance) in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, USA.
In addition, Austral owns an attractive portfolio of exploration projects in the Paleocene Belt in Chile (including those acquired in the 2021 acquisition of Revelo Resources Corp), a noncontrolling interest in Pampa Metals and a 100% interest in the Pingüino project and a 51% interest in the Sierra Blanca project, both in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information, please consult Austral's website at www.australgold.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.
For additional information please contact:
Jose Bordogna
Chief Financial Officer
Austral Gold Limited
Jose.bordogna@australgold.com
+61 4666 892 307
Ben Jarvis
Director
Austral Gold Limited
info@australgold.com
+61 413 150 448
Forward Looking Statements
Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include the incident is being investigated by Chilean authorities and the Company will undergo a thorough review to determine how it can further strengthen security at its Guanaco-Amancaya mine complex.